Korea Bizwire, Author at Be Korea-savvy
30-Somethings Aware but Unprepared for Longevity

30-Somethings Aware but Unprepared for Longevity

SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that South Koreans in their thirties are concerned about their longevity, and are highly interested in pension insurance products, but are not as financially prepared as individuals in other age groups.   According to a survey conducted on September 13 by the Korea Insurance Development [...]

New Tech Speeds Up Foot and Mouth Disease Vaccine Production

New Tech Speeds Up Foot and Mouth Disease Vaccine Production

SEOUL, Sept. 13 (Korea Bizwire) – A new technology has been developed that enables speedy manufacturing of vaccine seed viruses for foot and mouth disease, regardless of the type. A research team led by Park Jong-hyeon at the Animal and Plant Quarantine Agency (APQA) said that it had succeeded in creating a gene substitution system [...]

Poor Communication With Physicians Leaves Cancer Patients in the Dark

Poor Communication With Physicians Leaves Cancer Patients in the Dark

SEOUL, Sept. 13 (Korea Bizwire) – According to a survey conducted by the National Cancer Center on 750 couples of cancer patients and their guardians at 13 cancer hospitals nationwide, four out of ten cancer patients don’t have accurate information regarding their clinical stage, indicating the progress of their disease. On top of that, when [...]

Kakao Bank’s Keys to Success

Kakao Bank’s Keys to Success

SEOUL, Aug. 25 (Korea Bizwire) — Only one month after the launch of Kakao Bank, the groundbreaking financial institution still enjoys great popularity, having already attracted some 3 million account holders. Pre-existing banks that had already entered the mobile financial space and K-Bank, the first internet bank in Korea, haven’t been able to draw as [...]

National Health Insurance to Offer Greater Coverage for Pregnancy and Childbirth

National Health Insurance to Offer Greater Coverage for Pregnancy and Childbirth

SEOUL, Aug. 26 (Korea Bizwire) — Starting next month, national health insurance coverage for pregnancy and childbirth will be expanded as part of the government’s effort to encourage couples to have children.  On August 28, the Ministry of Health and Welfare (MHW) announced that starting in September, entitlement to pregnancy and childbirth insurance coverage will [...]

Naver’s Wave AI Speaker Looks Nice, but Performance Doesn’t Stand Out

Naver’s Wave AI Speaker Looks Nice, but Performance Doesn’t Stand Out

SEOUL, Aug. 22 (Korea Bizwire) — Wave, a ‘smart’ speaker that is the first AI gadget developed by South Korean web giant Naver, has received much attention for the massive investment the company made in its development, having chosen artificial Intelligence as the key technology of the next generation.   The main functions of Wave include [...]

Korea Forest Service to Create Thousands of Jobs in Forestry Sector

Korea Forest Service to Create Thousands of Jobs in Forestry Sector

SEOUL, Aug. 20 (Korea Bizwire) — The Korea Forest Service (KFS) is planning to create 60,000 new jobs in the forestry sector by the year 2022, with the expectation that new occupations relevant to forestry will appear in stages.   KFS head Kim Jae hyun said that the 60,000 jobs will consist of 5,000 in the [...]

‘Card News’ a Popular Alternative to Conventional Written News

‘Card News’ a Popular Alternative to Conventional Written News

SEOUL, Aug. 20 (Korea Bizwire) — So-called ‘card news’, a news format combining ‘cards’ featuring both text and images, has been embraced by numerous South Korean media companies recently, with some saying that the new format is more effective in improving reader comprehension and elevating their intention of reuse, and is as credible as traditional [...]

Cosmetics Industry Expanding With State-of-the-Art Technology Services

Cosmetics Industry Expanding With State-of-the-Art Technology Services

SEOUL, Aug. 12 (Korea Bizwire) — The cosmetics industry is making various attempts to broaden and capture more of the domestic market, including initiatives to take advantage of IT-based services combined with state-of-the-art technology such as makeup consultation provided by artificial intelligence (AI).  According to industry sources on August 11, Nature Collection, a beauty lifestyle [...]